Sumitomo Mitsui DS Asset Management Company Ltd Purchases Shares of 13,800 Comfort Systems USA, Inc. $FIX

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,800 shares of the construction company’s stock, valued at approximately $12,879,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIX. Spire Wealth Management raised its stake in shares of Comfort Systems USA by 658.1% in the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after acquiring an additional 4,679 shares during the last quarter. Caerus Investment Advisors LLC bought a new stake in Comfort Systems USA during the 3rd quarter worth approximately $767,000. Private Advisor Group LLC grew its position in Comfort Systems USA by 50.1% during the 3rd quarter. Private Advisor Group LLC now owns 7,781 shares of the construction company’s stock worth $6,420,000 after acquiring an additional 2,598 shares during the last quarter. Moran Wealth Management LLC increased its holdings in Comfort Systems USA by 34.0% during the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after purchasing an additional 7,192 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Comfort Systems USA by 3,378.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company’s stock valued at $79,079,000 after purchasing an additional 82,295 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $2,010.22 on Thursday. The firm’s 50 day moving average price is $1,519.76 and its two-hundred day moving average price is $1,207.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. Comfort Systems USA, Inc. has a 52-week low of $422.53 and a 52-week high of $2,018.05. The stock has a market cap of $70.76 billion, a PE ratio of 58.00 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.75 EPS. As a group, analysts forecast that Comfort Systems USA, Inc. will post 43.42 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be issued a $0.80 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 15th. Comfort Systems USA’s dividend payout ratio is currently 8.08%.

Analysts Set New Price Targets

A number of research firms have commented on FIX. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. UBS Group raised their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Glj Research initiated coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Finally, DA Davidson raised their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average price target of $1,923.20.

Insider Transactions at Comfort Systems USA

In other news, Director Darcy Anderson sold 4,500 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the sale, the director directly owned 18,035 shares of the company’s stock, valued at $24,703,260.90. This represents a 19.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the sale, the insider owned 161,089 shares in the company, valued at $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 50,401 shares of company stock valued at $79,056,765. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.